Hungary February Guest Nights Down 90%
Guest nights spent in Hungarian tourist accommodation in February fell by an annual 89.7 percent to 181,000, the Central Statistical Office (KSH) said on Wednesday.
Nights spent by domestic tourists dropped by 85.7 percent to 123,000, while those spent by foreign visitors declined by 93.5 percent to 58,000.
With coronavirus projections showing a plateau in cases within the coming months and summer on the horizon, the reopening of Hungary’s restaurants has returned to people’s attention. Unfortunately, many of these businesses did not receive the support they would have needed, and a number of them are unlikely to make it out of the pandemic. […]Continue reading
Gradual Reopening in Hungary: Goal of 2 5 Million to be Reached Shortly hungarytoday.hu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hungarytoday.hu Daily Mail and Mail on Sunday newspapers.
Budget Deficit 8.1 % of GDP in 2020
Hungary’s budget ran a 3,870 billion forint (EUR 10.7bn) deficit last year, equivalent to 8.1 percent of GDP, data released by the Central Statistical Office (KSH) on Thursday show.
The deficit swelled because of the economic impact of the pandemic as well as government stimulus and spending on Covid-19 defence.
KSH noted that Hungary’s public debt as a percentage of GDP reached 80.4 percent at the end of 2020, citing data compiled by the National Bank of Hungary (NBH). In absolute terms, public debt stood at 38,408 billion forints.
Budget revenue rose by 0.2 percent to 20,775 billion forints for the year. Expenditures were up 13.4 percent at 24,644 billion.
Hungary Gross Wages Averaged HUF 411,000 in January hungarytoday.hu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hungarytoday.hu Daily Mail and Mail on Sunday newspapers.